Wednesday, November 30, 2022

Higher demand and a $370,000 million hole, inflationary bill for US health

Inflation modifies the health sector in the United States. Rising medical care prices are rebalancing the health industry in the country, which faces the future more demanding, less professional and increase in $370 billion in national health spending in the next five years.

This October, health prices in the United States registered the largest increase since 1993, after a 6.5% increase from the same month in 2021. increase in prices has been published. the domino effect The cost of the whole health system will increase and will create problems of access to medicinesWhich, according to the study, will increase the cost of the entire healthcare system Transformational Impact of Inflation on the Healthcare SectorPublished by McKinsey.

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Over the past three years, the cost of pharmaceuticals has increased by 21%, supply by 18% and services by 16%. The rapid increase in prices is due to disruptions in the supply chain, which will increase spending by $110,000 million over the next five years.

To further load the cocktail, the sector would lose between 200,000 and 450,000 nurses in addition to 80,000 doctors over the next three years, making Labor force shortage, increase in spending by $170,000 million before 2027,

Not only are health care professionals going to shrink in the coming years, but personal care attendants will also be in short supply, leading to $90 billion in costs over the next five years. Overall, labor shortage is going to cause a Salary hike for professionals between 6% and 10% before 2023Further increasing the cost of health operators.

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While professionals are rare, US officials value layoffs for low cost. According to the above study, More than a quarter of the country’s managers say they want to lay off at least 10% of their workforce next year,

All this economic turmoil will also affect the productivity of the system. If no mitigation measures are taken, the sector’s revenue could be cut in half by 2027, threatening industry margins and making health care a more elitist commodity.

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